It was set out on this blog how, in this Australian bushfire summer, the green and vested “green energy:” interests were milking it for all it was worth, desperate to use it to persuade a reluctant Australian government to turn its economy upside down. This in an effort to chain Australia to a crippling state of no energy from fossil fuels, even though Australia was awash with them. In a follow up post, after intense rains came to change the dynamic (and douse the panic too), that political and financial campaign to continue the climate scares went on, together with all the usual political and green energy suspects associated with it.
Prominent at all times was one particular figure, the former Australia Prime Minster Malcolm Turnbull. Always seeming to be a climate crank, he changed his (public) views on climate change priority from time to time, but his personal animosity for the man who succeeded him, PM Morrison, was never ever hidden from public view. In his very public claims for purity in pushing Australia to surrender to the climate alarmist/renewal energy investor class is where we see most of it.
It seems that there is no extreme on “climate action” that Turnbull will not advocate now, especially as it seems to be accompanied with direct or indirect criticism of his successor, Morrison. With a supine political press in Australia, his every utterance seems to be relayed far and wide and obvious reasons for pushback does not get the same attention.
Now he is at it again, demanding that Australia move to zero admissions by 2050 in a highly emotive claim about a “catastrophic’ future if we don’t move to net zero” and he tried to use the recent bushfires as a factor when he claimed,
“The fires of this last summer will seem like a very, very mild experience compared to what a 3 degrees Celsius [warmer] world will look like.”
It is very interesting that alarmists are reviving this totally unsubstantiated claim of a 3 degrees Celsius rise in temperature now. It was dropped years ago once the 20 year temperature rise pause caused that modelled claim to lose all traction with the very public they try to influence. That said, Turnbull also revives the “bushfires from climate change” argument which was dispelled by both the common heavy rain and numerous facts about fuel loads being the cause and not “climate change”.
Such a claim isn’t new for Turnbull and inconsistency is a hallmark of him when it comes to his public statements. A recent example is very relevant to his claims today
”Turnbull has been caught out trying to re-write history by penning an article in US media claiming he was the Prime Minister who held back the “climate-denying political right in Australia”.
His hypocrisy is so huge that a decent quote of him saying the opposite is appropriate to show here (the videotape of the actual words is available):-
It is almost as if you overlooked your response to the horror bushfire which tore through Tathra, wiping out 69 homes in 2018…
“I’m disappointed that the Greens would try to politicise an event like this,” (Turnbull) said during a televised press conference at the time. “You can’t attribute any particular event, whether it’s a flood or fire or a drought or a storm, to climate change. “But clearly this is an environment, we have an environment, which has extremes.
Bushfires are part of Australia, as indeed are droughts and floods.”
Others are also catering for changes in emission levels.
Turnbull is not alone in proposing some radical scheme to destroy the Australian economy whilst catering for the climate alarmists and financial interests investing in a renewable energy sector. This comes with its heavy government subsidies. Both the leftist Australian Labor Party and a supposed conservative state government are also claiming to be working towards a “zero emissions by 2050” policy. The absolute chaos coming out of competing plans of Australians governments of every political persuasion to deal with “climate” are that diabolical that they deserve their separate article. Politicians cannot be prepared for the political and social revolutions which might come from these so-called “plans”.
Other Turnbull connections – Family and Finances
There is nothing to say that Malcolm Turnbull or his family financially benefitting from this push for renewables was in any way responsible for any of their decisions when in power. That said, the fact that anyone might financially benefit from a policy does not prevent an observer from pointing it out as a factor possibly affecting their enthusiasm for a policy if out of power. In fact a financial benefit might actually “colour” their view of its value to the community. Okay, that’s enough nuance about these Turnbull investments. Now to it. That brings us to the case of Alex Turnbull, the son of Malcolm.
Since Malcolm Turnbull lost power, not only has Malcolm been speaking out constantly about his party and its current leader Morrison, so has the son, Alex Turnbull. Alex, a hedge fund operator based in Singapore (Keshik Capital) has been very bitter about the Liberal Party once it replaced his father as leader. He has spoken out, funded opposition candidates to run against that Liberal Party and so on. But he has also been very vocal about the lack of action on climate change and that the party’s lack of action necessitated opposition to it.
One thing that has not been mentioned recently, is that young Alex Turnbull was heavily invested in renewable energy, namely wind power and this was prominently reported back in 2017. It certainly was fortuitous for his company Infigen Energy that Malcolm Turnbull policies on renewable energy mandates had an effect on the share price just as would future mandates of that nature by ANY government. Similarly, withdrawals of mandates would adversely affect prices and profits. One further link might advise readers of the dynamics of these changes and what they do to investors and investments, but it must always be noted that all government decisions affect investment decisions and are meant to in many cases.Follow